Northwest Wealth Management LLC Takes Position in GE Vernova Inc. $GEV

Key Points

• Northwest Wealth Management LLC has acquired a new position in GE Vernova Inc., purchasing 449 shares valued at approximately $238,000 during the 2nd quarter.
• Analysts have rated GE Vernova with a consensus target price of $592.35, with four ratings as Strong Buy, twenty as Buy, and eight as Hold.
• GE Vernova announced a quarterly dividend of $0.25 per share to be paid on November 17th, representing a 0.2% yield and a payout ratio of 24.10%.

Northwest Wealth Management LLC acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 449 shares of the company's stock, valued at approximately $238,000.

Other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC boosted its stake in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company's stock worth $37,000 after acquiring an additional 18 shares during the last quarter. Atlas Brown Inc. boosted its stake in GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock worth $1,321,000 after purchasing an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after purchasing an additional 20 shares during the last quarter. West Branch Capital LLC boosted its stake in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company's stock worth $52,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company's stock worth $88,000 after purchasing an additional 23 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GEV shares. HSBC boosted their price target on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Barclays boosted their target price on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Melius Research set a $740.00 price objective on GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company's stock.

GE Vernova Stock Performance

Shares of GEV stock opened at $600.66 on Tuesday. The firm's 50 day moving average price is $623.69 and its 200-day moving average price is $493.48. GE Vernova Inc. has a one year low of $248.50 and a one year high of $677.29. The firm has a market cap of $163.51 billion, a P/E ratio of 144.74, a P/E/G ratio of 4.41 and a beta of 1.88.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's dividend payout ratio is presently 24.10%.

GE Vernova Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

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